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Alibaba's Jack Ma may join US$1.5b Grab fundraising: sources

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An alliance with Grab lets Mr Ma market Ant Financial's digital payment service to millions of riders in the region, where rival Tencent has already partnered with Grab's biggest competitor Uber.

Hong Kong

ALIBABA co-founder Jack Ma may team up with SoftBank Group Corp's Masayoshi Son in a US$1.5 billion investment in ride-hailing startup Grab, according to people familiar with the matter.

The investment would be part of Grab's previously reported US$1.5 billion fundraising

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